Free Daily Analysis
Stock Trend Analysis Report
Prepared for you on Thursday, November 21, 2024.
Erayak Power Solution Group Inc. - Class A Ordinary Shares (NASDAQ:RAYA)
Countertrend Up (+85) - RAYA is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid RAYA?
MarketClub looks at technical strength and momentum to determine if the timing is right for RAYA.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for RAYA
The long-term trend has been UP since Oct 16th, 2024 at 1.07
The intermediate-term trend has been UP since Oct 7th, 2024 at 0.80
The short-term trend has been UP since Nov 21st, 2024 at 1.21
Smart Scan Analysis for RAYA
Based on our trend formula, RAYA is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.1400 | 1.2200 | 1.1512 | 1.1512 | -0.0088 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.1600 | 5763 | 2024-11-21 10:03:35 |
| 52wk High | 1.78 | 52wk High Date | 2024-11-05 |
| 52wk Low | 0.44 | 52wk Low Date | 2023-12-22 |
| Average Volume | 56,922 | Shares Outstanding | 11,000 |
| Assets | 35,285,266M | Liabilities | 15,083,178M |
| P/E Ratio | 11.6 |